Banking

Malaysia Bank CIMB Gets approval For Dual Listing In Thailand

Published

11 years ago

April 6, 2010

CIMB Group Holdings Bhd has obtained Bank Negara Malaysia (BNM)’s approval for a dual listing on the Stock Exchange of Thailand (SET).

In a filing to Bursa Malaysia Monday, CIMB Investment Bank Bhd said on behalf of CIMB Group that BNM had, vide its letter dated April 5, 2010, informed that it had no objection to the proposed SET listing.

via BERNAMA – CIMB Gets Bank Negara Nod For Dual Listing In Thailand.

Banking

Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

Published

4 days ago

February 25, 2021

Insead Knowledge

As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

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Banking

Asia Pacific Banks shrug off commercial property risks for now

Published

5 days ago

February 23, 2021

Daniel Lorenzzo

APAC commercial property prices were down around 3% on average in 2020, after a 1% rise in 2019. But the coronavirus-induced decline has been modest compared to past downturns, suggesting that the impact on banks’ commercial real estate loans will generally be much smaller this time.

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Banking

Thai banks net profit stood at 146.2 billion baht in 2020

The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19 pandemic. according to latest Bot assessment.

Published

6 days ago

February 23, 2021

Aishwarya Gupta

Ms. Suwannee Jatsadasak, Senior Director, Bank of Thailand, reported on the Thai banking system’s performance in 2020 that the Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19 pandemic.

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